The EU's Coal Ban Could Create A Domino Effect In Global Energy Prices

Europe’s planned ban on imports of Russian coal is set to further tighten an already tight global coal market and create a domino effect on the prices of coal, natural gas, and electricity not only in Europe but also in other regional markets.  Coal markets globally were already tight even before the Russian invasion of Ukraine as the energy crisis and natural gas shortage in Europe and Asia in the autumn of 2021 pushed up the use and price of coal. The two major coal-consuming countries in Asia—China and India—were scrambling…